Coca-Cola Consolidated Inc. (COKE)
Coca-Cola Consolidated, Inc. produces, markets and distributes non-alcoholic beverages primarily products of The Coca-Cola Company in the United States. The company is headquartered in Charlotte, North Carolina.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 66.95% per annum.
- COKE price at the close of April 29, 2025 was $1,351.25 and was lower than the bottom border of the primary price channel by $7.87 (0.58%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 12.70% per annum.
- COKE price at the close of April 29, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of COKE price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: September 6, 2022
End date: March 5, 2025
a = 4.7986
b = 0.0014
s = 0.0734
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 66.95%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0734) – 1
= 34.11%
September 6, 2022 calculations
Top border of price channel:
Exp(Y592)
= Exp(a + b × X592 + 2 × s)
= Exp(a + b × 859 + 2 × s)
= Exp(4.7986 + 0.0014 × 859 + 2 × 0.0734)
= Exp(6.1516)
= $469.47
Bottom border of price channel:
Exp(Y592)
= Exp(a + b × X592 – 2 × s)
= Exp(a + b × 859 – 2 × s)
= Exp(4.7986 + 0.0014 × 859 – 2 × 0.0734)
= Exp(5.8581)
= $350.06
March 5, 2025 calculations
Top border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 + 2 × s)
= Exp(a + b × 1,770 + 2 × s)
= Exp(4.7986 + 0.0014 × 1,770 + 2 × 0.0734)
= Exp(7.4309)
= $1,687.25
Bottom border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 – 2 × s)
= Exp(a + b × 1,770 – 2 × s)
= Exp(4.7986 + 0.0014 × 1,770 – 2 × 0.0734)
= Exp(7.1374)
= $1,258.10
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 66.95% per annum.
- COKE price at the close of April 29, 2025 was $1,351.25 and was lower than the bottom border of the primary price channel by $7.87 (0.58%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 1, 2024
End date: April 29, 2025
a = 6.6151
b = 0.0003
s = 0.0418
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 12.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0418) – 1
= 18.22%
August 1, 2024 calculations
Top border of price channel:
Exp(Y1,070)
= Exp(a + b × X1,070 + 2 × s)
= Exp(a + b × 1,554 + 2 × s)
= Exp(6.6151 + 0.0003 × 1,554 + 2 × 0.0418)
= Exp(7.2077)
= $1,349.79
Bottom border of price channel:
Exp(Y1,070)
= Exp(a + b × X1,070 – 2 × s)
= Exp(a + b × 1,554 – 2 × s)
= Exp(6.6151 + 0.0003 × 1,554 – 2 × 0.0418)
= Exp(7.0403)
= $1,141.75
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(6.6151 + 0.0003 × 1,825 + 2 × 0.0418)
= Exp(7.2965)
= $1,475.06
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.6151 + 0.0003 × 1,825 – 2 × 0.0418)
= Exp(7.1291)
= $1,247.71
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 12.70% per annum.
- COKE price at the close of April 29, 2025 was inside the secondary price channel.